Why Ramp Metals Stock Price Did a 5x

Ramp Metals Inc. is a North Vancouver-based company that focuses on acquiring and exploring battery and base metal properties. Their main targets include nickel, copper, and lithium. The company has significant assets in Saskatchewan, particularly the Rottenstone SW property, which has shown substantial potential.

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The recent rocket launch in Ramp Metals' stock price is due to a major gold discovery at Rottenstone SW. During their latest drill program, hole Ranger-01 intercepted several high-grade gold zones, including an impressive 73.55 g/t over 7.5 meters. This discovery is one of the highest-grade finds in Saskatchewan in recent times and has generated huge investor interest.

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The Rottenstone SW property, covering over 17,000 hectares, is near the historic Rottenstone Mine, which is known for its high-grade nickel, copper, platinum elements, and gold. Recent surveys indicate that the geology of this area might be similar to the Nova-Bollinger deposit in Australia, adding to the property's appeal.

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Currently, Ramp Metals has only received partial assay results from their drilling program. The initial findings, which include high-grade intervals of 164 g/t over 1.5 meters and 182 g/t over 1.5 meters, highlight the property's considerable value.

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Looking ahead, Ramp Metals plans to proceed with an extensive geophysical and sampling program. They are in the process of obtaining permits for both ground and airborne geophysical surveys to identify additional drilling targets. This strategy aims to build on their initial success and uncover more of the property's potential.

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‍Sources: Information from this article was sourced from Ramp Metals’ official website and recent press releases.